NY Sues Wells Fargo, Others Over Use Of Mortgage Database

President Barack Obama will nominate the chair of Arnold & Porter LLP's antitrust practice group to an assistant attorney general post in charge of the U.S. Department of Justice's Antitrust Division, the White House said Friday.

Six major television and film studios sued Lime Wire LLC and its founder Wednesday, seeking to recover damages from the file-sharing service’s alleged infringement, eight months after it paid $105 million to settle similar claims by major record labels.

The Ninth Circuit on Friday upheld a $2.6 million arbitration award against a former Toyota Motor Sales USA Inc. in-house counsel who allegedly leaked confidential documents that he claimed showed the company covering up evidence in rollover accident litigation.

Apple Inc.'s European sales unit on Friday won a temporary stay of an injunction that a German court granted to Motorola Mobility Holdings Inc. in the wireless company's suit over its cellular technology patents.

Switzerland's antitrust watchdog has opened an investigation against UBS AG, Credit Suisse Group AG and 10 other major financial institutions over possible collusion related to interbank interest rates, the regulator announced Friday.